Best Bitcoin Mining Hardware – Guide to ASIC Miners
Bitcoin mining is no more a buzzword. However, it is essential to know the terminology linked before going into detail about the best Bitcoin miner. Multiple factors affect ASIC miner performance. If you are planning to start Bitcoin mining, you need to consider the hash rate, energy cost, and a lot more.
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Like all investments, Bitcoin mining needs some maintenance and running costs. The most significant expense that miners need to bear is the cost of energy that is consumed during the process. Electricity is a considerable expense, and Bitcoin Mining Hardware consumes a considerable amount of energy to operate. Important considerations before setting up a Bitcoin mining include,
- Electricity consumption of your hardware
- Cost of electricity in your area
- Hashing power of the ASIC device
- The cooling system of your machine
- The initial investment required for the setup
- Mining efficiency
Besides, investors also need to carry out an analysis of the hardware they intend to use for the mining purpose. The viability of Bitcoin mining varies from one location to another, and the per-unit energy cost in the area. Regions where electricity is relatively cheaper, miners are more likely to generate higher profits than the ones where energy costs are higher.
You also need to need to be account for hash rate, mining efficiency, and profits to see if particular hardware shall be beneficial for the mining purpose. Make sure you perform the calculations before investing in the Bitcoin mining machine since the entire setup is pretty costly.
It is defined as the number of calculations that hardware can perform per second. The higher the Hash rate, the more is the ability of the mining machine to solve complex computations and earn Bitcoins in reward. The units to measure Hash Rate are Mega hashes, Giga, or Exa hashes per second.
Remember, Hardware’s Suitability is Subjective
Miners can choose from a wide range of ASICs to start the Bitcoin process. However, it will come down mostly to the miner’s priority and circumstances. Some miners choose to get multiple units to create a mining farm. In contrast, others prefer affordable ASIC Bitcoin miner options.
Best Bitcoin Mining Hardware
Antminer T9+ low is the best option for beginners having a low budget. Its availability and ease of configuration make it a far better choice than many other ASIC miners. It has a high hash rate and is one of the best Bitcoin mining hardware available in the market. The hardware is also a good option for miners who are looking to run multiple ASIC machines or to operate a mining rig. It is easy to use, and you can quickly configure it after going through its manual.
The hardware contains 162 BM1387 chips and is manufactured by Bitmain. It provides an excellent 10.5 Terahashes per second while using 1332 Watts.
Prices range from $550 to $600 per unit. It is, therefore, one of the affordable options available in the market. However, the power supply is sold separately and isn’t a part of this price.
Antminer R4 is compact in size and is a good option for miners looking to grab hardware that can easily fit in smaller places. It is also suitable for usage at home as it is much quiet in comparison to ASIC miners of the same size.
The R4 uses Bitmain’s BM1387 126 chips and has a hash rate of 0.098 J/GHs, which makes it a highly efficient Bitcoin mining machine.
One of the drawbacks of Antminer R4 is its price. Currently, you can purchase it for 1500 Euros or USD 1700, which makes it a very costly machine. Hence, it is not recommended for beginners who are just exploring the mining industry.
The DragonMint T1 is, without a doubt, one of the Best Bitcoin Miner Hardware as of now. It is an ASIC Bitcoin miner that has been developed by Halong Mining, a new company having its specialties in manufacturing ASIC mining devices. The company claims to have invested $30 million in research and development to manufacture this beast.
This device uses DM8575 chip design, which enables it to be the first-ever ASIC with the capability to achieve a hash rate of 16 terahashes per second.
The best part of this Bitcoin Mining Hardware is that despite this remarkable hash rate, the device is extremely energy efficient and consumes a mere 0.075J/GH, which translates to approximately 1408W of electric power. In contrast, Antminer’s S9, which is the flagship device of Bitmain, provides a mining efficiency of 0.098J/GH.
Two nine-blade variable fans are responsible for maintaining the DragonMint T1 temperature. The average ambient temperature of the device is 25 degrees, which in itself is pretty remarkable.
The pricing for this mammoth starts at a staggering $2729 for the unit itself, and the power supply is sold separately for $115. Therefore, this ASIC Bitcoin miner is pretty expensive. However, the price is entirely justifiable because of the mining efficiency it provides.
Antminer S9 – Bitmain’s Competitor to the DragonMint T1
The DragonMint T1’s popularity has made it difficult for manufacturers to accommodate the surging demand of Bitcoin mining machines. Therefore, miners look for alternatives, and one of them is Antminer S9.
It has 189 Bitmain BM1389 chips, which enable this monster to get hashing rate as high as 14 Tera hashes per second. Antminer S9 was the choice for many miners until the DragonMint T1 was introduced with a hash rate of 16 TH/s.
Antminer S9 has custom made heat sinks that are built with high-grade aluminum alloy. The hardware features two high-speed fans on both ends of the device. These big fans ensure that the machine will remain cool by throwing out the hot air instantly and improving the overall performance of the hardware.
This high spec mining device is quite expensive. The price ranges from $2700 to $3000 per unit. However, this price is not inclusive of the power supply that is needed to operate this ASIC Bitcoin mining machine.
Multiple options are available in the market for miners to choose among the Best Bitcoin mining hardware. However, the budget, priorities, and availability of ASIC miners can all affect your choice. Also, it is advisable to pick a mining machine that provides greater mining efficiency, rather than the one that has a higher hash rate. But before, you begin, it is crucial to know whether Bitcoin mining is still profitable?